“A research report on Smart Building Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global smart building market is expected to grow at a CAGR of 32.7% during the forecast period. The major factors driving the market include growing need for integrated security and safety systems coupled with the increasing government focus on smart cities. Smart building refers to the automatic and centralized control of a building’s heating, ventilation, air conditioning, lighting, security and other systems. Smart building reduces energy consumption and also reduce the overall operational cost.
Objective of the Study:
• To analyze and forecast the market size of global smart building.
• To classify and forecast global smart building based on Building Automation software, services, building type and regional distribution.
• To identify drivers and challenges for global smart building.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart building.
• To identify and analyze the profile of leading players involved in the manufacturing of global smart building.
Some of the leading players in the global smart building market are Honeywell International, ABB Ltd., Schneider Electric, Siemens, Cisco, Johnson Controls, Emerson Electric, Legrand, United Technologies Corporation, etc.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of collaboration key vendors across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the key vendors which could not be identified due to the limitations of secondary research. SDKI analyzed the service offerings, distribution channels and presence of all major collaboration key vendors across the globe.
SDKI calculated the market size of global smart building by using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.
Smart Building Market Size Drivers and Key Players Strategies Analyzed 2022-2031
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